The shares of this leading infrastructure development firm gained 1.7% to an intraday high of ₹472.85 per share on monday after receiving an order work worth ₹59 lakhs from Yara Fertilisers India Pvt ltd for water management service.
At 10:50 a.m., RBM Infracon Ltd. shares were trading at ₹463.95 per share, down 0.27% on the National Stock Exchange from the previous close price. The company has a market capitalization of ₹477 crore.
What Happened:
RBM Infracon Ltd recently announced in an exchange filing that it has received an order worth ₹59 lakhs from Yara Fertilisers India Pvt Ltd for borewell piping services.
About the company:
RBM Infracon Limited is primarily engaged in the engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.
The company’s major clients include Reliance Industries Limited, Nayara Energy Limited, Afcons Infrastructure Ltd., and TATA Projects.
Financials:
The company’s revenue grew by 56% year-over-year, rising from ₹83 crore in FY22-23 to ₹130 crore in FY23-24. During the same period, net profit surged by 450%, increasing from ₹2 crore to ₹11 crore.
According to the recent shareholding pattern, the company’s promoter holds a 72.45% stake, while retail investors hold a 27.55% stake. In FY24, the company’s net profit margin improved to 8.55%, and the operating margin rose to 13.75%.
Written by Omkar Chitnis
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